Allcargo Logistics purchases stakes in Gati Shakti
Allcargo Logistics's subsidiary, Gati has signed a deal to purchase 30% stakes in Gati-Kintetsu Express Private Limited (Gati-KWE) aka GKEPL. The firms already own 70% stake in GKEPL.
The deal includes purchasing 1.3 lakh shares (26 percent) from KWE-Kintetsu World Express (S) and 20,000 shares (4 percent) from KWE Kintetsu Express India, The firm had earlier bought out minority stake of its partner in the contract logistics business under Allcargo Supply Chain.
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